Shareholders Filed a Lawsuit Against Taiga Motors for Misrepresenting Production Capabilities

Case: 500-06-001346-242

On November 22, 2024, $TAIG shareholders have filed a class action against Taiga Motors, accusing it of overstating its production capabilities, misrepresenting its ability to meet projected targets, and concealing material operational challenges following its SPAC merger.

What is this lawsuit about?

On April 2, 2024, Taiga Motors announced it could not meet production targets and would suspend production. Following this, $TAIG shares plunged, causing significant investor losses.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify $TAIG investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.